Advent Home Medical Acquires Med Emporium

New Harbor Capital Makes Majority Investment in Advent Home Medical

March 11, 2021

Healthcare Services

New Harbor Capital has completed a majority investment in Advent Home Medical, a Pontiac, Michigan-based provider of at-home respiratory care, durable medical equipment (DME) and pharmacy services. New Harbor will partner with Advent's management to scale the company's clinical capabilities, expand within Michigan and pursue adjacent high-acuity home healthcare verticals as the founder transitions toward retirement.

Advent Home Medical Acquires Aeratech Home Medical

September 20, 2022

Healthcare Services

Advent Home Medical, a New Harbor Capital–backed provider of high‑tech home respiratory care, has completed the acquisition of Aeratech Home Medical, an Ohio and Indiana provider of home respiratory care and equipment technology. The add‑on expands Advent’s footprint into Ohio and Indiana, bringing Aeratech’s nine offices and ~1,000 patients into the Advent platform and advancing the combined companies’ capabilities in complex home respiratory care.

Advent Home Medical (New Harbor Capital Portfolio) Acquires RehabTech Supply Corporation dba Life Tech

March 8, 2022

Healthcare Services

Advent Home Medical, a New Harbor Capital portfolio company, has completed the acquisition of RehabTech Supply Corporation (dba Life Tech), a provider of high‑tech home respiratory equipment and services focused on highly acute pediatric patients. The deal expands Advent's Midwestern footprint and capabilities, combining two large home respiratory care businesses to better serve complex ventilator- and trach-dependent patients.

Viemed Healthcare Acquires Home Medical Products, Inc.

April 18, 2023

Healthcare Services

Viemed Healthcare, a national provider of in-home respiratory care and home medical equipment, entered into a definitive agreement to acquire Tennessee-based Home Medical Products, Inc. (HMP). The transaction, expected to close in June 2023 for approximately $31.75 million (subject to customary adjustments), expands Viemed's regional footprint and complements its technology-enabled post-acute respiratory services.

Montgomery DME (Incline Equity) Acquires Advantage Home Medical Services

November 22, 2022

Healthcare Services

Montgomery DME, a portfolio company of Incline Equity Partners, acquired Advantage Home Medical Services (AHMS), a North Las Vegas-based provider of durable medical equipment for hospice patients. The transaction, advised by Generational Equity, closed on November 22, 2022 and expands Montgomery DME's hospice-focused DME footprint and capabilities.

Grant Avenue Capital Acquires Performance Home Medical

March 15, 2024

Healthcare Services

Grant Avenue Capital, a healthcare-focused private equity firm, has acquired Performance Home Medical (PHM), a regional provider of home respiratory and sleep therapy services headquartered in Kent, Washington. PHM operates 24 locations across Washington, Oregon and Idaho and plans to use the investment to expand geographically and grow both organically and via selective acquisitions; industry veteran Larry Mastrovich has joined PHM's board as chairman.